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10 Tuesday AM Reads

Barry Ritholtz

The good news stretches far beyond the rich. New York Times ) see also Wages are rising. Vox ) • Investors Are Hungry for Risk—and Holding Record Cash Sums : Some analysts see the investor balances in money-market funds as a bullish sign for stocks and bonds. That’s true for most families. I found their families. (

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Lost Pet Posters Get An Upgrade For The Digital Age

PYMNTS

Still, that seems so old-fashioned in this digital age — at least according to Andrea Chavez, Founder of Pawscout , a company whose signature product is a Bluetooth-enabled tag that not only helps pet owners find their wayward pets, but gives them access to other digital and mobile services. That feature just launched about six weeks ago.

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Today In Payments: Biden Expected To Name Michael Barr To Head OCC; Biden’s Treasury Pick Yellen Leary Of Crypto

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In today’s top news, President Biden is expected to pick Michael Barr to head the OCC, and Janet Yellen, Biden’s pick for Treasury Secretary, is expected to take a hard stance toward crypto. COVID-19’s Price Tag Leaves Large Hospitals At Financial Risk. Plus, the chief of the CFPB stepped down at Biden’s request.

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Why Pets Are Pulling Retail Innovation’s Leash

PYMNTS

Its main mission is to update those analog lost-pet posters via a a Bluetooth-enabled tag that not only helps pet owners find their wayward pets, but also gives them access to other digital and mobile services. Better Pet Tag. The goal is to create a really affordable, much better pet tag,” she said. Pet Medicine.

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Jessica Alba’s Honest Company Faces A Down Round

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According to emerging news reports, the five-year-old home and body care product company is looking to raise $75 million in new Series D venture capital funding at $19.60 The big price tag on Honest Company, however, is as much a limitation as it is an honor. So, is Honest no longer a unicorn?

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Today In Payments: New Funding Values Tink At $824 Million; Starbucks Shifts 45 Pct Of Stores Toward Drive-Thru, Order Ahead

PYMNTS

In today’s top news, FinTech startup Tink raised €85 million to bring its valuation to €680 million, and Starbucks plans to shift more toward drive-thru and online ordering. New Funding Values Swedish FinTech Startup Tink at $824 Million. Plus, Airbnb shares soared in its first day of trading.

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Tagly App: The Anti-Selfie?

PYMNTS

A new app is poised to move social content marketing away from user-generated content and put the power in the hands of brands themselves. To date, the Tagly app has generated $2 million in seed funding from IZI Mobile, shares the outlet.